Exxon and Chevron report solid progress
MEXICO – The main U.S. oil companies, ExxonMobil and Chevron, closed 2018 with strong profits, despite last year's volatility in crude oil prices.
Chevron closed the year with a profit of US$14.824 billion, 61% more than in 2017. Meanwhile, ExxonMobil ended 2018 with net profits of US$20.840 mill...

FedEx Express inaugurates operational station in Mexicali
MEXICALI – Due to the economic dynamism of Baja California, the FedEx Express operating station was inaugurated in Mexicali to provide logistics services including distribution and storage of goods.
"Baja California shows a solid growth trend, so it' s important to have the support of infrastruct...

Fibra Macquarie begins construction of an industrial development
Fideicomiso de Inversión en Bienes Raíces (Fibra), Macquarie México, began the construction of its first industrial complex in Ciudad Juarez, Chihuahua, which involves a total investment of US$19.8 million.
The complex will consist of two buildings of 20,000m2 each and will be completed in two s...

Fideapech will offer investment funds for regional companies
CHIHUAHUA – Through an investment fund promoted by Fideicomiso Estatal para el Fomento de las Actividades Productivas del Estado de Chihuahua (Fideapech) and state-owned private companies, investment will be sought in regional companies that need between US$2 and US$15 million and are not currentl...

Fishing activity boosted in Baja California
BAJA CALIFORNIA – Matias Arjona Rydalch, head of Secretaría de Pesca y Acuacultura Estatal, assured that they will benefit cucapás fishermen from the El Indiviso ejido, whom they have supported for the construction of facilities for reception, processing and shipping.
Arjona Rydalch said that ...

Fishing and Aquaculture increase 39% in Baja California
Baja California registered a 39% increase in total production of fish and aquaculture, said the governor of the entity, Francisco Vega de Lamadrid, during a meeting he held with the head of Secretaría de Agricultura y Desarrollo Rural (Sader) Víctor Villalobos Arámbula.
Francisco Vega, explained...

Flowers’ entry will be forbidden into Customs on Valentine's Day
BROWNSVILLE – In view of the upcoming Valentine's Day celebrations, the federal authority for agriculture in international bridges, as well as Aduanas y Protección Fronteriza (CBP), report that some plants and flower arrangements will not be allowed to access the country.
Elías Rodríguez, CBP ...

Furniture industry in Baja California is lagging behind
BAJA CALIFORNIA – Currently, 80% of the wood used as raw material in Baja California is imported from the United States or is brought from other entities in the Republic, so it is necessary to invest in sustainable exploitation mechanisms that can better support the industry.
The president of the...

Google to expand in Texas as part of its US$13 billion investment plan
AUSTIN, TX – Google recently announced that it is to expand in Texas. Through a post on the company’s website, Google explained that they are investing more than US$13 billion in the development of new offices and data centers across the United States.
The company’s major investment will allo...

Incarlopsa buys 67% of Acornseekers in the U.S.
Incarlopsa has acquired 67% of the American company Acornseekers, LLC, headquartered in Texas.
This acquisition allows Incarlopsa to establish itself in a country that offers a very positive outlook in the sector in which it operates, with great business opportunities.
As part of the company's gr...

Juarez to invest in the maquiladora industry
Even when the industrial sector was left out of the border decree of fiscal stimuli, Ciudad Juárez continues to be attractive for new investments in the area.
The manufacturing companies continue looking at the region’s quality labor and its proximity to the United States to get to settle in thi...

Maquilas step up to offer jobs to Central American migrants
Trapped in Tijuana by U.S. immigration policy, thousands of Central American migrants are being offered jobs by the city’s maquiladora industry while they await their cases to move through the lengthy U.S. asylum process on the other side of the border.
“We feel the obligation is here in Tijuan...

Mexicali will invest US$1.3 million in paving
MEXICALI – Francisco Javier Paredes Rodriguez, Director of Junta de Urbanización de Gobierno del Estado, indicated that by 2019 a total of US$1.3 million will be invested in paving for Mexicali and its valley.
The paving work includes sectors of the State Highway Network 1, 2, 4 and 8. The resid...

Mexico has great potential in solar energy
With an annual solar exposure of 2,400 kilowatts per square meter, Mexico's geographic location is ideal for becoming a world power in solar power generation in the coming years.
"The Solar Belt covers the entire country, mainly the northern states with the largest territorial extension such as Son...

Most California municipalities ban commercial cannabis activity
CALIFORNIA – Two-thirds of California municipalities prohibit marijuana businesses from setting up shop, underscoring the hurdles MJ entrepreneurs face in trying to break into the world’s largest legal cannabis market.
Only 161 of California’s 482 municipalities and 24 of the 58 counties have...

New Mexico boasts US$2.2 billion in oil revenue for 2018
NEW MEXICO – New Mexico received US$2.2 billion in revenues from oil production in 2018, according to numbers from the state’s Tax Research Institute. This was a 26% increase on the year, or US$465 million.
As stated by the Albuquerque Journal, a substantial increase in investments and product...

Nordex Group to produce rotor blades in Tamaulipas
TAMAULIPAS – The governor of Tamaulipas, Francisco Garcia Cabeza de Vaca, announced that Nordex Group, a leading transnational company in the wind energy market, confirmed the installation of a production plant for rotor blades of wind turbines in the city of Matamoros.
This is the second product...